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Lumber Prices Pop Slightly on Solid Sales Volumes
In mid-August the tide had clearly turned, as lumber purchasers were caught short on the solid wood inventory they needed for ongoing projects. Prices on many lumber commodity items again ticked upward as all players’ inquiries at sawmills increased. Subsequently order files stretched out to three weeks or longer. In addition, end-users tried to put…
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Madison’s Lumber Prices Index Aug 23, 2024: US$430 mfbm
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Madison’s Lumber Prices Index Aug 16, 2024: US$419 mfbm
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Stable Sales Volumes Bump Lumber Prices up Slightly
After a very slow first half of this year for lumber sales, at the beginning of August demand picked up enough to turn around the most recent price drops. There was enough sales volumes for suppliers to be able to firm up prices, potentially providing understanding of the new bottom. A few more curtailment announcements…
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Canada’s Softwood Lumber Duty Challenge: Extension Granted to US Commerce Dept
NAFTA Ruling May 6, 2024: U.S. Department of Commerce to correct errors in its setting of countervailing duties on Canadian softwood lumber, given 90 days to respond. Background info in previous update here: https://madisonsreport.com/nafta-chapter-19-panel-on-u-s-countervailing-duties-on-canadian-softwood-lumber/ Madison’s Lumber Reporter reached out to Global Affairs Canada to find out what are the next steps, now that the 90-day…
